REAL The RealReal, Inc. - Common Stock
$11.00
Price · Aug 19, 2026
Fundamentals as of Aug 6, 2026
52W Range
$7–$17
37% of range
Analyst Rating
BUY
15 analysts
Price Target
$18
+64% upside
P/E (TTM)
-16.0
ROE
11.1%
Net Profit Margin
-6.0%
About The RealReal, Inc. - Common Stock Company overview from Wikipedia
The RealReal, Inc. is an online marketplace for users to buy and sell luxury goods that are authenticated by experts. It was started in 2011 by Julie Wainwright and is headquartered in San Francisco.
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The RealReal, Inc. is an online marketplace for users to buy and sell luxury goods that are authenticated by experts. It was started in 2011 by Julie Wainwright and is headquartered in San Francisco.
It has more than 38 million members, and has sold nearly 40 million items as of September 30, 2023.
History
The RealReal was founded in 2011 by Julie Wainwright, an e-commerce entrepreneur. By July 2018, the company had raised $288 million in venture capital funding.
On May 31, 2019, The RealReal submitted a preliminary filing (S-1) to the SEC to go public.
On June 28, 2019, The RealReal went public on Nasdaq under the symbol REAL and raised $300 million during its IPO.
On June 22, 2022, The RealReal announced that its founder and CEO Julie Wainwright had stepped down. The company appointed President and COO Rati Sahi Levesque and its CFO Robert Julian as interim co-CEOs.
On January 25, 2023, The RealReal announced the appointment of E-Commerce and Digital Executive John E. Koryl as CEO and Board Member.
On October 28, 2024, The RealReal announced Rati Sahi Levesque, the company's second employee and co-founder, as CEO.
At the end of 2024, The RealReal announced full year profitability.
Services
With nearly 40M members, The RealReal is the largest platform for authenticated luxury resale in the United States. The RealReal offers five ways to sell luxury goods on the platform: in-home pickup, drop-off appointments in its boutiques, meetings with luxury experts, and direct shipping.
The RealReal handles item authentication, pricing (using AI and machine learning), photography, listing, shipping, payments and customer service on behalf of others.
Retail footprint
In 2017, The RealReal opened its first permanent retail store in New York City, and has since opened stores across the US including locations in California, Connecticut, Florida, Illinois, New Jersey, New York and Texas. To date, the company has 17 Luxury Consignment Offices where consignors can drop items off and meet with a valuation specialist, and 14 of those 17 locations allow customers to browse and shop.
Counterfeits
The RealReal has had multiple claims from luxury designers that items on their website were counterfeit. In 2018, Chanel filed suit in the Federal Court of the Southern District of New York, alleging The RealReal for hosted counterfeit Chanel on their website and misled customers that an affiliation existed between the two.
In 2019, Richard Kestenbaum, writing for Forbes, disclosed purchasing a bag from The RealReal for $3,600, sold as an authenticated Christian Dior bag, that was found to be counterfeit. Kestenbaum claims the only authentication of many pieces at The RealReal is from a single copywriter, whose main task is to write the descriptions of the merchandise being sold, instead of the expert authenticators The RealReal advertises.
In a 2021 update, Kestenbaum wrote about a customer who paid $1,000 for a pair of Christian Dior sneakers from The RealReal, but upon receiving them, was suspicious of their quality and sent the shoes to be authenticated by LegitGrails, a third party authenticator. LegitGrails uses no fewer than four authenticators to authenticate a single item, compared to The RealReal's alleged use of a single copywriter for authentication, and determined the customer's shoes were a "lower grade replica" of Dior sneakers. The RealReal refunded the customer; when Forbes asked the company for a comment, it stated it has the "most rigorous authentication process in the marketplace" and has added artificial intelligence to its authentication process. Forbes claims the large amount of merchandise processed by The RealReal to maintain profit margins (the company went public in 2019) makes it inevitable that counterfeit products slip past its authentication and into the hands of customers.
In early 2020, TheRealReal was sued in a class action lawsuit regarding misstatements to investors, alleging that authenticators were given very little training and strict quotas that resulted in the potential for counterfeit or mislabeled items to make it through the company's authentication process more often than purported.
The RealReal alerts law enforcement of counterfeit items it receives. Items sent to The RealReal deemed "friendly fakes", counterfeit items purchased unintentionally, are usually returned to the client; others are destroyed or retained for training purposes.
Sustainability
The RealReal is a leader in advocating for a sustainable future for the fashion industry.
The brand has kept over 40 million items in circulation since its founding in 2011. Additionally, 4.68 Billion liters of water use have been avoided and 85,857 metric tons of greenhouse gas emissions have been avoided. In 2017, The RealReal announced a sustainability partnership with luxury fashion brand Stella McCartney, which launched in 2018.
It also established the first Monday in October as National Consignment Day, an annual holiday. The following year, to mark National Consignment day, The RealReal launched a custom sustainability calculator. Developed with environmental consulting firm Shift Advantage, it measures the environmental impact of consignments processed by the company.
To celebrate Earth Month in 2025, The RealReal launched its first Resale Report: Circularity.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
REAL Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$10.99
Market Cap
$1.32B
P/E (TTM)
-16.0
EPS (TTM)
$-0.70
Revenue (TTM)
$693M
Div Yield
—
ROE
11.1%
Debt/Equity
—
52W Range
$7 – $17
REAL Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
Configure
10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$693M
2017-12-31
→
2025-12-31
EPS
$-0.70
2019-12-31
→
2025-12-31
Free Cash Flow
$18M
2019-12-31
→
2025-12-31
Margins
-6.0%
2019-12-31
→
2025-12-31
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
REAL
Peer Median
P/E (TTM)
-16.0
31.4
P/S (TTM)
1.9
1.0
P/B
-3.2
3.7
Price / FCF
72.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
REAL
Peer Median
Gross Margin
74.6%
47.5%
Operating Margin
-3.5%
—
Net Profit Margin
-6.0%
0.47%
ROA
-10.1%
0.81%
ROE
11.1%
2.5%
ROIC
5.8%
—
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
REAL
Peer Median
Current Ratio
0.9
1.3
Quick Ratio
0.7
—
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
REAL
Peer Median
Revenue YoY
15.4%
—
Revenue CAGR 3Y
4.7%
—
Revenue CAGR 5Y
18.2%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
REAL
Peer Median
REAL Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
BUY
15 analysts
- Strong Buy 4 26.7%
- Buy 8 53.3%
- Hold 3 20.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
8 analysts · 2026-08-15
Median
$18.00
← Below all targets
$10.99
Low
$15.00
High
$20.00
Median target
$18.00
+63.7%
Mean target
$18.00
+63.7%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $-0.01 | $-0.02 | 0.01% |
| March 31, 2026 | $-0.01 | $-0.01 | 0.00% |
| Dec. 31, 2025 | $0.06 | $0.04 | 0.02% |
| Sept. 30, 2025 | $-0.04 | $-0.06 | 0.02% |
| June 30, 2025 | $-0.06 | $-0.09 | 0.03% |
| March 31, 2025 | $-0.08 | $-0.09 | 0.01% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| REAL | $1.87B | -22.5 | 15.4% | -6.0% | 11.1% | 74.6% |
| ANF | — | 9.3 | 6.4% | 9.6% | 37.0% | — |
| AEO | $3.94B | 21.4 | 4.1% | 3.5% | 11.9% | 36.5% |
| BKE | $2.42B | 11.4 | 6.6% | 16.2% | 46.6% | 49.0% |
| RVLV | $2.15B | 35.1 | 8.5% | 5.0% | 12.6% | 53.5% |
| CTRN | $358M | 68.0 | 8.9% | 0.64% | 4.5% | — |
| CAL | $414M | -58.2 | 1.3% | -0.24% | -1.1% | 43.0% |
| SFIX | — | -20.4 | -5.3% | -2.3% | -14.3% | 44.4% |
| GCO | — | 23.1 | 4.8% | — | — | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 17
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $693M | $600M | $549M | $603M | $468M | $300M | $316M | $214M | |
| Cost of Revenue | $176M | $153M | $173M | $255M | $194M | $112M | $115M | $77M | |
| Gross Profit | $517M | $448M | $376M | $349M | $273M | $188M | $202M | $137M | |
| SG&A Expense | $202M | $188M | $184M | $195M | $176M | $141M | $111M | $64M | |
| Operating Expenses | $541M | $504M | $543M | $538M | $488M | $360M | $302M | $211M | |
| Operating Income | $-24M | $-56M | $-166M | $-189M | $-215M | $-173M | $-100M | $-74M | |
| Interest Expense | · | · | $11M | $10M | $22M | $5M | $616.0K | $1M | |
| Interest Income | $4M | $8M | $9M | $3M | $365.0K | $3M | $5M | $1M | |
| Other Non-op | $926.0K | $0 | $0 | $171.0K | $23.0K | $-169.0K | $-2M | · | |
| Pretax Income | $-41M | $-134M | $-168M | $-196M | $-236M | $-176M | $-98M | $-76M | |
| Income Tax | $363.0K | $276.0K | $283.0K | $172.0K | $56.0K | $101.0K | $199.0K | $99.0K | |
| Net Income | $-42M | $-134M | $-168M | $-196M | $-236M | $-176M | $-98M | $-76M | |
| EPS (Basic) | $-0.36 | $-1.24 | $-1.65 | $-2.05 | $-2.58 | $-2.01 | $-2.14 | · | |
| EPS (Diluted) | $-0.70 | $-1.24 | $-1.65 | $-2.05 | $-2.58 | $-2.01 | $-2.14 | · | |
| Shares (Basic) | 114,871,414 | 107,878,366 | 101,806,000 | 95,921,246 | 91,409,624 | 87,587,409 | 47,478,544 | · | |
| Shares (Diluted) | 116,512,265 | 107,878,366 | 101,806,000 | 95,921,246 | 91,409,624 | 87,587,409 | 47,478,544 | · | |
| EBITDA | $9M | $-23M | $-135M | $-161M | $-191M | $-154M | $-85M | · |
Balance Sheet 24
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $151M | $172M | $176M | $294M | $418M | $351M | $154M | $34M | |
| Receivables | $24M | $14M | $17M | $12M | $8M | $7M | $8M | $8M | |
| Inventory | $31M | $24M | $22M | $43M | $71M | $42M | $22M | $10M | |
| Prepaid Expense | $22M | $23M | $21M | $23M | $21M | $17M | $14M | $10M | |
| Current Assets | $227M | $233M | $236M | $372M | $518M | $421M | $407M | $89M | |
| PP&E (Net) | $96M | $94M | $104M | $113M | $89M | $63M | $56M | $33M | |
| PP&E (Gross) | $205M | $190M | $179M | $176M | $140M | $105M | $89M | $53M | |
| Accum. Depreciation | $109M | $96M | $74M | $63M | $50M | $42M | $33M | $19M | |
| Other Non-current Assets | $6M | $5M | $6M | $3M | $3M | $2M | $3M | $2M | |
| Total Assets | $409M | $423M | $447M | $616M | $755M | $605M | $465M | $135M | |
| Accounts Payable | $15M | $11M | $9M | $12M | $5M | $14M | $11M | $5M | |
| Accrued Liabilities | $111M | $90M | $77M | $82M | $71M | $57M | $53M | $35M | |
| Current Liabilities | $264M | $249M | $189M | $208M | $188M | $148M | $119M | $88M | |
| Capital Leases | $67M | $86M | $105M | $125M | $143M | $115M | · | · | |
| Other Non-current Liabilities | $7M | $6M | $4M | $3M | $2M | $1M | $9M | $7M | |
| Total Liabilities | $825M | $830M | $750M | $786M | $682M | $414M | $128M | $99M | |
| Long-term Debt | · | · | · | · | · | · | · | $9M | |
| Common Stock | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | · | |
| Paid-in Capital | $880M | $846M | $816M | $781M | $841M | $723M | $693M | · | |
| Retained Earnings | $-1.30B | $-1.25B | $-1.12B | $-951M | $-768M | $-532M | $-356M | $-258M | |
| AOCI | · | · | · | · | $0 | $11.0K | $7.0K | $-25.0K | |
| Stockholders' Equity | $-416M | $-407M | $-303M | $-170M | $73M | $191M | $337M | $-258M | |
| Liabilities + Equity | $409M | $423M | $447M | $616M | $755M | $605M | $465M | $135M | |
| Shares Outstanding | 118,318,917 | 111,242,479 | 104,670,500 | 99,088,172 | 92,960,066 | 89,301,664 | 85,872,320 | 8,593,077 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| D&A | $33M | $33M | $32M | $28M | $24M | $19M | $13M | $9M | |
| Stock-based Comp | $29M | $29M | $34M | $46M | $49M | $24M | $8M | $3M | |
| Deferred Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | · | |
| Restructuring | $0 | $196.0K | $43M | $896.0K | $2M | · | · | · | |
| Other Non-cash | $17M | $99M | $41M | $31M | $22M | $-2M | $21M | · | |
| Operating Cash Flow | $37M | $27M | $-61M | $-92M | $-142M | $-134M | $-54M | $-47M | |
| CapEx | $19M | $14M | $29M | $23M | $37M | $18M | $25M | $13M | |
| Investing Cash Flow | $-29M | $-26M | $-42M | $-37M | $-43M | $178M | $-215M | $-34M | |
| Stock Issued | · | · | $886.0K | $1M | $2M | $972.0K | $0 | · | |
| Net Stock Activity | · | · | $886.0K | $1M | $2M | $972.0K | · | · | |
| Financing Cash Flow | $-29M | $-5M | $226.0K | $4M | $253M | $153M | $379M | $106M | |
| Net Change in Cash | $-21M | $-4M | $-103M | $-124M | $67M | $196M | $109M | $25M | |
| Taxes Paid | $331.0K | $200.0K | $227.0K | $256.0K | $94.0K | $90.0K | $102.0K | $49.0K | |
| Free Cash Flow | $18M | $13M | $-90M | $-114M | $-180M | $-153M | $-79M | · | |
| Levered FCF | · | · | $-101M | $-125M | $-201M | $-158M | $-80M | · |
Profitability 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.6% | 74.5% | 68.5% | 57.8% | 58.5% | 62.5% | 63.9% | · | |
| Operating Margin | -3.5% | -9.4% | -30.3% | -31.3% | -46.0% | -57.6% | -30.9% | · | |
| Net Margin | -6.0% | -22.4% | -30.7% | -32.6% | -50.5% | -58.6% | -30.4% | · | |
| Pretax Margin | -6.0% | -22.3% | -30.6% | -32.5% | -50.5% | -58.6% | -30.4% | · | |
| EBITDA Margin | 1.3% | -3.9% | -24.5% | -26.8% | -40.9% | -51.3% | -26.7% | · | |
| ROA | -10.1% | -30.9% | -31.7% | -28.7% | -34.7% | -32.9% | -32.1% | · | |
| ROE | 11.1% | 35.6% | 56.8% | 126.2% | -256.8% | -83.1% | -27.8% | · | |
| ROIC | 5.8% | 13.9% | 54.9% | 111.3% | -293.9% | -90.4% | -29.1% | · |
Liquidity & Solvency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.9 | 1.2 | 1.8 | 2.8 | 2.8 | 3.4 | · | |
| Quick Ratio | 0.7 | 0.7 | 1.0 | 1.5 | 2.3 | 2.4 | 1.4 | · | |
| Interest Coverage | · | · | -15.5 | -18.1 | -10.0 | -32.8 | -159.8 | · |
Efficiency 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 1.7 | 1.4 | 1.0 | 0.9 | 0.7 | 0.6 | 1.1 | · | |
| Inventory Turnover | 6.5 | 6.7 | 5.3 | 4.5 | 3.4 | 3.5 | 6.8 | · | |
| Receivables Turnover | 36.7 | 38.5 | 37.3 | 60.4 | 62.4 | 40.0 | 41.4 | · |
Growth Rates 3
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 15.4% | 9.3% | -9.0% | 29.0% | 55.9% | · | · | · | |
| Revenue CAGR 3Y | 4.7% | 8.7% | 22.4% | · | · | · | · | · | |
| Revenue CAGR 5Y | 18.2% | · | · | · | · | · | · | · |
Valuation (TTM) 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $693M | $600M | $549M | $603M | $468M | $300M | $316M | · | |
| Net Income TTM | $-42M | $-134M | $-168M | $-196M | $-236M | $-176M | $-98M | · | |
| Market Cap | $1.87B | $1.22B | $210M | $124M | $1.08B | $1.74B | $1.62B | · | |
| P/E | -22.5 | -8.8 | -1.2 | -0.6 | -4.5 | -9.7 | -8.8 | · | |
| P/S | 2.7 | 2.0 | 0.4 | 0.2 | 2.3 | 5.8 | 5.1 | · | |
| P/B | -4.5 | -3.0 | -0.7 | -0.7 | 14.8 | 9.1 | 4.8 | · | |
| P / Tangible Book | · | · | · | · | 14.8 | 9.1 | · | · | |
| P / Cash Flow | 50.4 | 45.3 | -3.4 | -1.4 | -7.6 | -13.0 | -29.7 | · | |
| P / FCF | 101.7 | 96.5 | -2.3 | -1.1 | -6.0 | -11.4 | -20.4 | · | |
| Earnings Yield | -4.4% | -11.3% | -82.1% | -164.0% | -22.2% | -10.3% | -11.3% | · |
Income Statement 17
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $193M | $190M | $194M | $174M | $165M | $160M | $164M | $148M | $145M | $144M | $143M | $133M | $131M | $142M | $160M | $143M | |
| Cost of Revenue | $49M | $48M | $49M | $45M | $43M | $40M | $42M | $37M | $37M | $37M | $37M | $39M | $45M | $52M | $63M | $57M | |
| Gross Profit | $143M | $141M | $145M | $129M | $123M | $120M | $122M | $111M | $107M | $107M | $106M | $94M | $86M | $90M | $97M | $86M | |
| SG&A Expense | $52M | $52M | $52M | $52M | $48M | $50M | $46M | $48M | $47M | $47M | $45M | $45M | $44M | $50M | $48M | $47M | |
| Operating Expenses | $145M | $144M | $139M | $136M | $133M | $133M | $127M | $125M | $126M | $125M | $127M | $117M | $127M | $172M | $135M | $131M | |
| Operating Income | $-2M | $-2M | $6M | $-8M | $-10M | $-13M | $-5M | $-15M | $-19M | $-18M | $-21M | $-22M | $-41M | $-82M | $-38M | $-46M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $4M | · | $3M | $3M | $3M | · | $3M | |
| Interest Income | $902.0K | $1M | $956.0K | $818.0K | $1M | $1M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | $1M | |
| Other Non-op | $154.0K | $203.0K | $284.0K | $34.0K | $0 | $608.0K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $38.0K | $6.0K | |
| Pretax Income | $-27M | $39M | $-39M | $-54M | $-11M | $62M | $-68M | $-18M | $-17M | $-31M | $-22M | $-23M | $-41M | $-82M | $-39M | $-47M | |
| Income Tax | $101.0K | $108.0K | $155.0K | $24.0K | $89.0K | $95.0K | $98.0K | $72.0K | $35.0K | $71.0K | $36.0K | $47.0K | $114.0K | $86.0K | $76.0K | $63.0K | |
| Net Income | $-27M | $39M | $-39M | $-54M | $-11M | $62M | $-68M | $-18M | $-17M | $-31M | $-22M | $-23M | $-41M | $-82M | $-39M | $-47M | |
| EPS (Basic) | $-0.23 | $0.33 | $-0.35 | $-0.47 | $-0.10 | $0.56 | $-0.62 | $-0.16 | $-0.16 | $-0.30 | $-0.19 | $-0.22 | $-0.41 | $-0.83 | $-0.39 | $-0.49 | |
| EPS (Diluted) | $-0.23 | $-0.07 | $0.06 | $-0.49 | $-0.13 | $-0.14 | $-0.57 | $-0.17 | $-0.20 | $-0.30 | $-0.19 | $-0.22 | $-0.41 | $-0.83 | $-0.39 | $-0.49 | |
| Shares (Basic) | 121,023,931 | 119,523,593 | -227,103,950 | 115,893,232 | 114,044,057 | 112,038,075 | -213,231,801 | 109,016,060 | 106,882,054 | 105,212,053 | -201,423,966 | 102,648,790 | 100,973,105 | 99,608,071 | -189,153,220 | 96,696,417 | |
| Shares (Diluted) | 121,023,931 | 125,720,093 | -240,524,436 | 116,772,661 | 119,484,716 | 120,779,324 | -220,869,827 | 112,418,751 | 111,117,389 | 105,212,053 | -201,423,966 | 102,648,790 | 100,973,105 | 99,608,071 | -189,153,220 | 96,696,417 | |
| EBITDA | $-2M | $6M | · | $-8M | $-10M | $-4M | · | $-15M | $-19M | $-10M | · | $-22M | $-41M | $-74M | · | $-46M |
Balance Sheet 22
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $119M | $124M | $151M | $108M | $94M | $140M | $172M | $153M | $151M | $166M | $176M | $171M | $189M | $247M | $294M | $300M | |
| Receivables | $20M | $25M | $24M | $24M | $23M | $28M | $14M | $16M | $16M | $20M | · | $14M | $6M | $9M | · | $9M | |
| Inventory | $35M | $34M | $31M | $30M | $29M | $26M | $24M | $20M | $21M | $21M | · | $25M | $26M | $31M | · | $63M | |
| Prepaid Expense | $19M | $20M | $22M | $20M | $14M | $14M | $23M | $23M | $19M | $18M | · | $21M | $19M | $24M | · | $27M | |
| Current Assets | $193M | $203M | $227M | $182M | $160M | $208M | $233M | $212M | $207M | $225M | · | $230M | $240M | $311M | · | $399M | |
| PP&E (Net) | $101M | $98M | $96M | $95M | $98M | $98M | $94M | $95M | $97M | $101M | · | $107M | $106M | $102M | · | $100M | |
| PP&E (Gross) | $216M | $210M | $205M | $201M | $200M | $197M | $190M | $188M | $183M | $183M | · | $175M | $171M | $161M | · | $158M | |
| Accum. Depreciation | $116M | $112M | $109M | $106M | $102M | $99M | $96M | $93M | $86M | $81M | · | $69M | $65M | $59M | · | $59M | |
| Other Non-current Assets | $6M | $6M | $6M | $6M | $6M | $6M | $5M | $5M | $5M | $5M | · | $5M | $5M | $3M | · | $3M | |
| Total Assets | $378M | $386M | $409M | $366M | $349M | $400M | $423M | $406M | $407M | $432M | · | $453M | $459M | $512M | · | $634M | |
| Accounts Payable | $15M | $15M | $15M | $11M | $14M | $20M | $11M | $11M | $13M | $14M | · | $8M | $13M | $9M | · | $10M | |
| Accrued Liabilities | $95M | $102M | $111M | $87M | $76M | $82M | $90M | $73M | $65M | $76M | · | $67M | $62M | $72M | · | $72M | |
| Current Liabilities | $233M | $241M | $264M | $226M | $199M | $240M | $249M | $226M | $212M | $194M | · | $177M | $168M | $184M | · | $194M | |
| Capital Leases | $64M | $67M | $67M | $73M | $77M | $83M | $86M | $91M | $97M | $101M | · | $110M | $112M | $118M | · | $130M | |
| Other Non-current Liabilities | $8M | $6M | $7M | $6M | $7M | $6M | $6M | $7M | $6M | $5M | · | $4M | $3M | $3M | · | $3M | |
| Total Liabilities | $756M | $745M | $825M | $751M | $688M | $736M | $830M | $752M | $743M | $759M | · | $743M | $734M | $755M | · | $776M | |
| Common Stock | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | $1.0K | · | $1.0K | $1.0K | $1.0K | · | $1.0K | |
| Paid-in Capital | $906M | $897M | $880M | $872M | $865M | $855M | $846M | $840M | $832M | $824M | · | $808M | $799M | $790M | · | $771M | |
| Retained Earnings | $-1.28B | $-1.26B | $-1.30B | $-1.26B | $-1.20B | $-1.19B | $-1.25B | $-1.19B | $-1.17B | $-1.15B | · | $-1.10B | $-1.07B | $-1.03B | · | $-913M | |
| Stockholders' Equity | $-378M | $-359M | $-416M | $-385M | $-338M | $-336M | $-407M | $-345M | $-335M | $-327M | $-303M | $-290M | $-276M | $-244M | $-170M | $-141M | |
| Liabilities + Equity | $378M | $386M | $409M | $366M | $349M | $400M | $423M | $406M | $407M | $432M | · | $453M | $459M | $512M | · | $634M | |
| Shares Outstanding | 121,666,258 | 120,462,615 | 118,318,917 | 116,674,739 | 115,236,276 | 113,094,079 | 111,242,479 | 109,689,946 | 108,495,705 | 105,917,789 | 104,670,500 | 103,310,783 | 102,136,022 | 100,152,432 | 99,088,172 | 97,927,443 |
Cash Flow 12
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $8M | $7M | $7M | |
| Stock-based Comp | $8M | $6M | $7M | $7M | $8M | $7M | $7M | $8M | $8M | $7M | $8M | $9M | $9M | $9M | $9M | $11M | |
| Restructuring | · | · | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $196.0K | $6M | $-856.0K | $2M | $36M | $621.0K | $0 | |
| Other Non-cash | · | $-70M | · | · | · | $-106M | · | · | · | $12M | · | · | · | $35M | · | · | |
| Operating Cash Flow | $2M | $-17M | $50M | $19M | $-4M | $-28M | $28M | $9M | $-7M | $-3M | $11M | $-11M | $-30M | $-30M | $4M | $-7M | |
| CapEx | $4M | $7M | $4M | $2M | $8M | $5M | $5M | $4M | $3M | $2M | $4M | $6M | $8M | $12M | $6M | $7M | |
| Investing Cash Flow | $-8M | $-11M | $-7M | $-6M | $-11M | $-6M | $-9M | $-6M | $-5M | $-5M | $-7M | $-8M | $-11M | $-16M | $-11M | $-10M | |
| Financing Cash Flow | $1M | $-16.0K | $158.0K | $359.0K | $-31M | $1M | $-132.0K | $-162.0K | $-4M | $-929.0K | $262.0K | $-74.0K | $333.0K | $-295.0K | $323.0K | $2M | |
| Net Change in Cash | $-5M | $-27M | $43M | $14M | $-45M | $-33M | $19M | $2M | $-15M | $-10M | $4M | $-19M | $-41M | $-47M | $-7M | $-15M | |
| Taxes Paid | $388.0K | $9.0K | $0 | $-4.0K | $329.0K | $6.0K | $3.0K | $0 | $190.0K | $7.0K | $0 | $5.0K | $218.0K | $4.0K | $0 | $0 | |
| Free Cash Flow | · | $-24M | · | · | · | $-33M | · | · | · | $-6M | · | · | · | $-42M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $-9M | · | · | · | $-45M | · | · |
Profitability 8
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 74.4% | 74.5% | · | 74.3% | 74.3% | 75.0% | · | 74.9% | 74.2% | 74.6% | · | 70.6% | 65.8% | 63.4% | · | 60.1% | |
| Operating Margin | -1.2% | -1.2% | · | -4.3% | -6.0% | -8.0% | · | -9.9% | -13.0% | -12.5% | · | -16.9% | -31.3% | -57.6% | · | -31.9% | |
| Net Margin | -14.1% | 20.5% | · | -31.1% | -6.9% | 39.0% | · | -12.1% | -11.5% | -21.6% | · | -17.2% | -31.6% | -58.1% | · | -33.1% | |
| Pretax Margin | -14.1% | 20.6% | · | -31.1% | -6.8% | 39.1% | · | -12.1% | -11.5% | -21.6% | · | -17.2% | -31.5% | -58.1% | · | -33.1% | |
| EBITDA Margin | -1.2% | 3.1% | · | -4.3% | -6.0% | -2.8% | · | -9.9% | -13.0% | -6.7% | · | -16.9% | -31.3% | -52.1% | · | -31.9% | |
| ROA | -7.5% | 9.9% | · | -14.0% | -3.0% | 15.0% | · | -4.2% | -3.9% | -6.6% | · | -4.2% | -7.5% | -13.6% | · | -6.7% | |
| ROE | 7.6% | -11.2% | · | 14.8% | 3.4% | -18.8% | · | 5.7% | 5.5% | 10.9% | · | 10.6% | 21.6% | 52.7% | · | 309.5% | |
| ROIC | 0.61% | 0.63% | · | 2.0% | 2.9% | 3.8% | · | 4.2% | 5.6% | 5.5% | · | 7.8% | 14.9% | 33.6% | · | 32.3% |
Liquidity & Solvency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.8 | 0.8 | · | 0.8 | 0.8 | 0.9 | · | 0.9 | 1.0 | 1.2 | · | 1.3 | 1.4 | 1.7 | · | 2.1 | |
| Quick Ratio | 0.6 | 0.6 | · | 0.6 | 0.6 | 0.7 | · | 0.7 | 0.8 | 1.0 | · | 1.0 | 1.2 | 1.4 | · | 1.6 | |
| Interest Coverage | · | · | · | · | · | · | · | · | · | -4.8 | · | -8.4 | -15.3 | -30.7 | · | -17.0 |
Efficiency 3
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.5 | · | 0.4 | 0.4 | 0.4 | · | 0.3 | 0.3 | 0.3 | · | 0.2 | 0.2 | 0.2 | · | 0.2 | |
| Inventory Turnover | 1.5 | 1.6 | · | 1.8 | 1.7 | 1.7 | · | 1.7 | 1.6 | 1.4 | · | 0.9 | 0.9 | 1.0 | · | 0.9 | |
| Receivables Turnover | 9.0 | 7.2 | · | 8.6 | 8.4 | 6.7 | · | 10.0 | 12.9 | 10.0 | · | 11.9 | 21.2 | 16.6 | · | 18.4 |
Valuation (TTM) 9
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $721M | $689M | · | $647M | $618M | $597M | · | $570M | $553M | $550M | · | $549M | $570M | $586M | · | $563M | |
| Net Income TTM | $-54M | $36M | · | $-21M | $16M | $-3M | · | $-89M | $-112M | $-178M | · | $-194M | $-224M | $-240M | · | $-215M | |
| Market Cap | $1.43B | $1.09B | · | $1.24B | $552M | $610M | · | $344M | $346M | $414M | · | $218M | $227M | $126M | · | $147M | |
| P/E | -12.8 | -10.9 | · | -11.4 | -7.5 | -6.7 | · | -3.5 | -2.8 | -2.2 | · | -1.1 | -1.0 | -0.5 | · | -0.7 | |
| P/S | 2.0 | 1.6 | · | 1.9 | 0.9 | 1.0 | · | 0.6 | 0.6 | 0.8 | · | 0.4 | 0.4 | 0.2 | · | 0.3 | |
| P/B | -3.8 | -3.0 | · | -3.2 | -1.6 | -1.8 | · | -1.0 | -1.0 | -1.3 | · | -0.8 | -0.8 | -0.5 | · | -1.0 | |
| P / Cash Flow | · | -65.8 | · | · | · | -21.6 | · | · | · | -119.5 | · | · | · | -4.1 | · | · | |
| P / FCF | · | -45.4 | · | · | · | -18.5 | · | · | · | -73.8 | · | · | · | -3.0 | · | · | |
| Earnings Yield | -7.8% | -9.1% | · | -8.8% | -13.4% | -15.0% | · | -28.3% | -35.4% | -45.0% | · | -92.4% | -103.2% | -197.6% | · | -152.0% |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $693M | $600M | $549M | $603M | $468M |
| Gross Margin % | 74.6% | 74.5% | 68.5% | 57.8% | 58.5% |
| Operating Margin % | -3.5% | -9.4% | -30.3% | -31.3% | -46.0% |
| Net Income | $-42M | $-134M | $-168M | $-196M | $-236M |
| Diluted EPS | $-0.70 | $-1.24 | $-1.65 | $-2.05 | $-2.58 |
Balance Sheet
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Current Ratio | 0.9 | 0.9 | 1.2 | 1.8 | 2.8 |
| Quick Ratio | 0.7 | 0.7 | 1.0 | 1.5 | 2.3 |
Cash Flow
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Free Cash Flow | $18M | $13M | $-90M | $-114M | $-180M |
Latest News Recent headlines mentioning this company
- The RealReal's CFO Sold Over 35,000 Company Shares. Here's What That Means for Investors.
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- Trump warns U.S. military will stay near Iran until 'real agreement' is honored
- SAVE America Act Has Failsafe To Ensure Enforcement
- The RealReal CFO Sells 51,585 Shares as Stock Surges 46% This Past Year
- Notable Wednesday Option Activity: REAL, PAYS, ASTS
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Institutional owners (13F) 283 filers · $1.1B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 57 (+4 vs prior Q) | 40 (+3 vs prior Q) | 103 (+12 vs prior Q) | 67 (-6 vs prior Q) | -867K |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| Divisadero Street Capital Management, LP | $108,447,344 | 9,198,248 | 9.84% | Shares |
| FMR LLC | $57,869,329 | 4,908,340 | 5.25% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $55,574,653 | 4,713,711 | 5.04% | Shares |
| TWO SIGMA INVESTMENTS, LP | $47,117,155 | 3,996,366 | 4.27% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $46,414,353 | 3,936,756 | 4.21% | Shares |
| AMERICAN CENTURY COMPANIES INC | $43,843,295 | 3,718,683 | 3.98% | Shares |
| D. E. Shaw & Co., Inc. | $43,489,219 | 3,688,653 | 3.95% | Shares |
| Woodson Capital Management, LP | $38,907,000 | 3,300,000 | 3.53% | Shares |
| TWO SIGMA ADVISERS, LP | $38,642,064 | 2,448,800 | 3.51% | Shares |
| STATE STREET CORP | $37,272,045 | 3,161,327 | 3.38% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $28,896,648 | 2,450,433 | 2.62% | Shares |
| AWM Investment Company, Inc. | $21,264,998 | 1,803,647 | 1.93% | Shares |
| GOLDMAN SACHS GROUP INC | $20,851,770 | 1,768,598 | 1.89% | Shares |
| Kanen Wealth Management LLC | $18,944,811 | 1,589,448 | 1.72% | Shares |
| MASTERS CAPITAL MANAGEMENT LLC | $17,685,000 | 1,500,000 | 1.60% | Shares |
| Qube Research & Technologies Ltd | $16,079,898 | 1,363,859 | 1.46% | Shares |
| Crestwood Capital Management, L.P. | $15,331,763 | 1,300,404 | 1.39% | Shares |
| ROYCE & ASSOCIATES LP | $14,993,437 | 1,271,708 | 1.36% | Shares |
| CITADEL ADVISORS LLC | $14,740,518 | 1,250,256 | 1.34% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $14,686,662 | 1,245,688 | 1.33% | Shares |
| Balyasny Asset Management L.P. | $14,008,996 | 1,188,210 | 1.27% | Shares |
| Driehaus Capital Management LLC | $13,812,787 | 1,171,568 | 1.25% | Shares |
| GILDER GAGNON HOWE & CO LLC | $11,958,644 | 1,014,304 | 1.08% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $11,284,893 | 957,158 | 1.02% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $11,175,658 | 947,893 | 1.01% | Shares |
| Squarepoint Ops LLC | $9,828,498 | 833,630 | 0.89% | Shares |
| BANK OF AMERICA CORP /DE/ | $9,780,253 | 829,538 | 0.89% | Shares |
| KINGDON CAPITAL MANAGEMENT, L.L.C. | $9,585,270 | 813,000 | 0.87% | Shares |
| UBS Group AG | $8,935,358 | 757,876 | 0.81% | Call option |
| Point72 Asset Management, L.P. | $8,853,818 | 750,960 | 0.80% | Shares |
| TUDOR INVESTMENT CORP ET AL | $8,438,492 | 715,733 | 0.77% | Shares |
| BARCLAYS PLC | $8,374,013 | 710,264 | 0.76% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $8,204,744 | 695,907 | 0.74% | Shares |
| JPMORGAN CHASE & CO | $8,143,118 | 666,922 | 0.74% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $7,966,503 | 675,700 | 0.72% | Call option |
| Cubist Systematic Strategies, LLC | $7,584,699 | 713,518 | 0.69% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $7,157,285 | 607,064 | 0.65% | Shares |
| Interval Partners, LP | $6,958,411 | 590,196 | 0.63% | Shares |
| Walleye Capital LLC | $6,928,971 | 587,699 | 0.63% | Shares |
| Capricorn Fund Managers Ltd | $6,856,722 | 581,571 | 0.62% | Shares |
| Shay Capital LLC | $6,639,680 | 563,162 | 0.60% | Shares |
| Atika Capital Management LLC | $6,469,928 | 548,764 | 0.59% | Shares |
| POLEN CAPITAL MANAGEMENT LLC | $5,854,395 | 496,556 | 0.53% | Shares |
| Hillsdale Investment Management Inc. | $5,845,482 | 495,800 | 0.53% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $5,705,181 | 483,900 | 0.52% | Shares |
| Portolan Capital Management, LLC | $5,637,907 | 478,194 | 0.51% | Shares |
| FRANKLIN RESOURCES INC | $5,422,292 | 459,906 | 0.49% | Shares |
| MARSHALL WACE, LLP | $5,381,086 | 456,411 | 0.49% | Shares |
| FEDERATED HERMES, INC. | $5,314,366 | 450,752 | 0.48% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $4,802,739 | 407,357 | 0.44% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $4,786,905 | 406,014 | 0.43% | Shares |
| FIRST TRUST ADVISORS LP | $4,765,435 | 404,193 | 0.43% | Shares |
| CITADEL ADVISORS LLC | $4,513,212 | 382,800 | 0.41% | Put option |
| BlackRock, Inc. | $4,407,137 | 373,803 | 0.40% | Shares |
| JANE STREET GROUP, LLC | $4,324,572 | 366,800 | 0.39% | Call option |
| MILLENNIUM MANAGEMENT LLC | $4,179,720 | 354,514 | 0.38% | Shares |
| MYDA Advisors LLC | $4,008,600 | 340,000 | 0.36% | Shares |
| Man Group plc | $3,878,061 | 328,928 | 0.35% | Shares |
| PEAK6 LLC | $3,537,000 | 300,000 | 0.32% | Call option |
| CITADEL ADVISORS LLC | $3,379,014 | 286,600 | 0.31% | Call option |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $3,377,835 | 286,500 | 0.31% | Put option |
| RBF Capital, LLC | $3,006,450 | 255,000 | 0.27% | Shares |
| FIFTH THIRD BANCORP | $2,960,536 | 251,106 | 0.27% | Shares |
| ESSEX INVESTMENT MANAGEMENT CO LLC | $2,719,446 | 230,657 | 0.25% | Shares |
| Archon Capital Management LLC | $2,700,794 | 229,075 | 0.25% | Shares |
| Swiss National Bank | $2,603,232 | 220,800 | 0.24% | Shares |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | $2,340,940 | 198,553 | 0.21% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $2,336,271 | 198,157 | 0.21% | Shares |
| Blueshift Asset Management, LLC | $2,304,084 | 195,427 | 0.21% | Shares |
| Nuveen, LLC | $2,258,103 | 191,527 | 0.20% | Shares |
| RIVER GLOBAL INVESTORS LLP | $2,184,223 | 200,112 | 0.20% | Shares |
| ZAZOVE ASSOCIATES LLC | $2,181,150 | 185,000 | 0.20% | Shares |
| JANE STREET GROUP, LLC | $2,116,305 | 179,500 | 0.19% | Put option |
| Bank of New York Mellon Corp | $2,078,412 | 176,286 | 0.19% | Shares |
| ALGERT GLOBAL LLC | $2,068,791 | 175,470 | 0.19% | Shares |
| Anthracite Investment Company, Inc. | $2,000,812 | 417,706 | 0.18% | Shares |
| CITIGROUP INC | $1,917,915 | 162,673 | 0.17% | Shares |
| MACKENZIE FINANCIAL CORP | $1,851,183 | 157,013 | 0.17% | Shares |
| RHUMBLINE ADVISERS | $1,712,814 | 145,278 | 0.16% | Shares |
| Fund 1 Investments, LLC | $1,681,466 | 142,618 | 0.15% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $1,650,600 | 140,000 | 0.15% | Shares |
| PDT Partners, LLC | $1,573,647 | 133,473 | 0.14% | Shares |
| Manatuck Hill Partners, LLC | $1,565,347 | 132,769 | 0.14% | Shares |
| Quantum Private Wealth, LLC | $1,515,086 | 128,506 | 0.14% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $1,500,077 | 127,233 | 0.14% | Shares |
| Mariner, LLC | $1,455,508 | 123,367 | 0.13% | Shares |
| SEI INVESTMENTS CO | $1,441,941 | 122,302 | 0.13% | Shares |
| Verition Fund Management LLC | $1,414,741 | 119,995 | 0.13% | Shares |
| BOOTHBAY FUND MANAGEMENT, LLC | $1,399,591 | 118,710 | 0.13% | Shares |
| Aquatic Capital Management LLC | $1,374,101 | 116,548 | 0.12% | Shares |
| Diametric Capital, LP | $1,362,464 | 115,561 | 0.12% | Shares |
| ExodusPoint Capital Management, LP | $1,295,815 | 109,908 | 0.12% | Shares |
| ANGELES WEALTH MANAGEMENT, LLC | $1,290,062 | 109,420 | 0.12% | Shares |
| INDEPENDENT FINANCIAL GROUP, LLC | $1,279,805 | 108,550 | 0.12% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $1,238,712 | 136,422 | 0.11% | Shares |
| IEQ CAPITAL, LLC | $1,189,658 | 100,904 | 0.11% | Shares |
| Atom Investors LP | $1,186,888 | 100,669 | 0.11% | Shares |
| Walleye Trading LLC | $1,176,642 | 99,800 | 0.11% | Put option |
| WOLVERINE TRADING, LLC | $1,165,290 | 108,500 | 0.11% | Put option |
| SIERRA SUMMIT ADVISORS LLC | $1,123,776 | 95,316 | 0.10% | Shares |
Company insiders 16 insiders · 5 officers · 10 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Julie Wainwright | CEO, President and Chairperson | April 22, 2020 F | 4,713,723 | 0 | 0 | $0 |
| Matt Gustke | Chief Financial Officer | April 22, 2020 F | 89,561 | 0 | 0 | $0 |
| Levesque Rati Sahi | Chief Operating Officer | April 22, 2020 F | 382,253 | 0 | 0 | $0 |
| Fredrik Bjork | Chief Technology Officer | April 23, 2020 S | 243,730 | 0 | 0 | $0 |
| Steve Ming Lo | VP, Corporate Controller | Nov. 13, 2019 M | 13,000 | 0 | 0 | $0 |
| Jennifer Mckeehan | Director | July 27, 2026 A | 18,397 | 0 | 0 | $0 |
| Mark Mccaffrey | Director | July 27, 2026 A | 27,755 | 0 | 0 | $0 |
| Caretha Coleman | Director | July 27, 2026 A | 265,933 | 0 | 0 | $0 |
| James R. Miller | Director | July 27, 2026 A | 198,066 | 0 | 0 | $0 |
| Robert J Krolik | Director | July 27, 2026 A | 205,507 | 0 | 0 | $0 |
| Karen Katz | Director | July 27, 2026 A | 253,883 | 0 | 0 | $0 |
| Gilbert L. Baird III | Director | Nov. 17, 2025 S | 0 | 0 | 1 | $-101,537,899 |
| Michael Andrew Kumin | Director | Nov. 11, 2020 J | 182,404 | 0 | 0 | $0 |
| Maha Saleh Ibrahim | Director | May 26, 2020 S | 0 | 0 | 0 | $0 |
| Luke Thomas Friang | — | May 21, 2026 S | 530,676 | 0 | 10 | $-649,315 |
| Todd A Suko | — | May 21, 2026 S | 605,394 | 0 | 15 | $-3,160,018 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Philotimo Fund, LP, Philotimo Focused Growth & Income Fund, Kanen Wealth Management LLC, Kanen David ×3 filings | Jan. 30, 2025 | 3.90% | Amendment | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 41 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| RETL · Direxion Shares ETF Trust | 1.17% | 31,018 NS | April 30, 2026 | N-PORT |
| IWC · iShares Trust | 0.33% | 382,610 SH | Aug. 8, 2026 | Daily |
| FYC · First Trust Exchange-Traded AlphaDE… | 0.29% | 257,212 NS | April 30, 2026 | N-PORT |
| SMLF · iShares Trust | 0.16% | 528,457 SH | Aug. 8, 2026 | Daily |
| GSSC · Goldman Sachs ETF Trust | 0.14% | 140,894 NS | May 31, 2026 | N-PORT |
| AFSM · First Trust Exchange-Traded Fund VI… | 0.13% | 13,164 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 0.09% | 99,366 NS | April 30, 2026 | N-PORT |
| FYX · First Trust Exchange-Traded AlphaDE… | 0.07% | 76,255 NS | April 30, 2026 | N-PORT |
| VCR · VANGUARD WORLD FUND | 0.07% | 430,105 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.07% | 759,043 SH | Aug. 8, 2026 | Daily |
| ESML · iShares Trust | 0.07% | 148,221 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.06% | 71,394 SH | Aug. 8, 2026 | Daily |
| FAD · First Trust Exchange-Traded AlphaDE… | 0.06% | 23,983 NS | April 30, 2026 | N-PORT |
| FBCG · FIDELITY COVINGTON TRUST | 0.06% | 303,618 NS | April 30, 2026 | N-PORT |
| FDIS · FIDELITY COVINGTON TRUST | 0.05% | 79,379 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.05% | 2,882,029 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.04% | 9,764 SH | Aug. 8, 2026 | Daily |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.04% | 648,611 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.04% | 46,210 NS | April 30, 2026 | N-PORT |
| ISCF · iShares Trust | 0.04% | 70,936 SH | Aug. 8, 2026 | Daily |
| ISCV · iShares Trust | 0.03% | 16,822 SH | Aug. 8, 2026 | Daily |
| VFMO · VANGUARD WELLINGTON FUND | 0.03% | 53,719 SH | Aug. 8, 2026 | Daily |
| ITWO · ProShares Trust | 0.03% | 5,017 NS | May 31, 2026 | N-PORT |
| IWO · iShares Trust | 0.02% | 281,933 SH | Aug. 8, 2026 | Daily |
| ISCB · iShares Trust | 0.02% | 4,695 SH | Aug. 8, 2026 | Daily |
| VTWG · VANGUARD SCOTTSDALE FUNDS | 0.02% | 32,799 SH | Aug. 8, 2026 | Daily |
| SCHA · SCHWAB STRATEGIC TRUST | 0.02% | 469,950 NS | May 31, 2026 | N-PORT |
| UWM · ProShares Trust | 0.02% | 3,924 NS | May 31, 2026 | N-PORT |
| ISCG · iShares Trust | 0.01% | 10,555 SH | Aug. 8, 2026 | Daily |
| WSML · iShares Trust | 0.01% | 6,203 SH | Aug. 8, 2026 | Daily |
| URTY · ProShares Trust | 0.01% | 3,973 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 1,160,827 SH | Aug. 8, 2026 | Daily |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 3,687 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 100 NS | May 31, 2026 | N-PORT |
| ONEQ · Fidelity Commonwealth Trust | 0.00% | 35,678 NS | May 31, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 152,411 SH | Aug. 8, 2026 | Daily |
| IWV · iShares Trust | 0.00% | 27,176 SH | Aug. 8, 2026 | Daily |
| AVUQ · AMERICAN CENTURY ETF TRUST | 0.00% | 465 NS | May 31, 2026 | N-PORT |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 58,048 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 3,442,236 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 9,060 SH | Aug. 8, 2026 | Daily |